Menu
Search
Subscribe
Home Blog Page 234

FIFA has ruled that Equatorial Guinea captain Emilio Nsue

Ranks-Staff
-
0
FIFA has ruled that Equatorial Guinea captain Emilio Nsue

FIFA has ruled that Equatorial Guinea captain Emilio Nsue was never eligible to represent the African nation throughout his 11-year international career.

 

Nsue won the Golden Boot as top goalscorer at the Africa Cup of Nations earlier this year with five goals in four appearances.

 

In December 2013, FIFA ruled that Nsue was not eligible to play for Equatorial Guinea — following several appearances for Spain’s youth teams — but he continued to represent them regardless. FIFA opened a new investigation into Nsue’s eligibility in March with the 34-year-old given a six-day deadline to respond, but world football’s governing body said no response arrived.

 

FIFA published its judgement in a 15-page ruling on Monday, with Equatorial Guinea stripped of their World Cup 2026 qualification victories against Namibia and Liberia — which they both won 1-0 thanks to Nsue goals — with their opponents awarded a three-goal victory.

 

FIFA has ruled that former Nsue has been banned from all international football for six months, while the Equatoguinean federation (Feguifut) was fined 150,000 Swiss francs ($164,000, £129,000).

The Neglect of Storytelling in Nigerian Cinema: A Recipe for Box Office Failure

Ranks-Staff
-
0
The Neglect of Storytelling in Nigerian Cinema: A Recipe for Box Office Failure

In the Nigerian film industry, there is a recurring trend of movies failing to resonate with audiences, despite impressive cinematography and production quality. The culprit, in my opinion, is the prioritization of “film academic exercises” over entertaining storytelling. Many emerging and established filmmakers approach storytelling with a Western mindset, neglecting the cultural nuances that shape our unique African experiences.

 

Cinema may have a universal language, but story is culturally specific. What constitutes tragedy for Africans may not be the same for Western audiences. For instance, childbearing is highly valued in African cultures, whereas adoption is more accepted in Western societies. These cultural differences significantly impact storytelling.

 

While fantastic cinematography is important, it is not enough to guarantee success. Audiences rarely discuss camera angles or picture quality after leaving the cinema; they discuss the story. Story is king, and neglecting it can lead to failure. To achieve success, filmmakers must spend time developing a compelling story, casting suitable actors, and selecting a director with a clear vision.

 

Marketing also plays a crucial role, accounting for 20% of a film’s success. However, relying on gimmicks to compensate for a weak story will not yield desired results. It is time for Nigerian filmmakers to prioritize storytelling and cultural relevance to create films that truly resonate with their audience.

 

In conclusion, the neglect of storytelling in Nigerian cinema is a recipe for box office failure. By focusing on developing strong stories that reflect our unique cultural experiences, we can create films that captivate audiences and propel the industry forward.

 

Written by Adesina Kasali

‘I was told playing talking drum might prevent me from having kids’ – Ara The Drummer

Ranks-Staff
-
0
‘I was told playing talking drum might prevent me from having kids’ – Ara The Drummer

‘I was told playing talking drum might prevent me from having kids’ – Ara The Drummer

 

Famous talking drummer and the cultural ambassador of the Ooni of Ife, Aralola Olamuyiwa, simply known as Ara, has recalled how people tried to discourage her from playing the talking drum.

 

Ara, who is Africa’s first female talking drummer, disclosed that she was told that playing the talking drum might prevent her from having children but she broke the jinx.

 

She featured on the latest episode of the ‘Terms And Conditions’ podcast.

 

She said, “There are some drums females cannot play. I started with the traditional drums. But I evolved over the years. I played different instruments like bass guitar, keyboard, and set drums.

 

“But I wanted something different, so I started learning how to play the talking drum. People I asked to teach me were skeptical about teaching me because I am a woman. So I am self-taught.

 

“Although at some point, I was afraid. I was like, ‘what could happen to me?’ They were like, ‘you might not be able to have kids.’ It’s a traditional thing but I broke that jinx.”

Ara has a son with her estranged husband, Prince Nurudeen Olalekan Saliu.

 

#thenationshub #news #nigeria #drum @everyone

Afolarin Jamiu Olawale: A Content Creator Preserving Culture Through Entertainment

Ranks-Staff
-
3
Afolarin Jamiu Olawale: A Content Creator Preserving Culture Through Entertainment

Afolarin Jamiu Olawale, popularly known as JACE, is the creative force behind Jayboi Art Century Entertainment. In an exclusive interview with Ranks Africa Magazine, he delved into his journey of entertainment.

From a young age, JACE was drawn to the world of entertainment. This passion led to his involvement in drama and cultural activities throughout his primary and secondary education. His dedication to the craft saw him studying acting at a theatre school and featuring in home-video movies as a child. By 2017, JACE began sharing his content online, including the popular and educational “Right and Wrong” episodes.

Below are some of the key points from his interview with our correspondence.

 

Embracing Indigenous Language

 

Inspiration and Significance; JACE’s content creation is deeply inspired. From the beginning, he has crafted his works in both English and various dialects of Yoruba. The Yoruba language holds a special place for him due to its profound meanings and his native connection to it.

Yoruba is a language rich in depth and wisdom, making it a natural medium for a native speaker like JACE. The frequent use of proverbs, idioms, and metaphors allows him to express his innermost thoughts and feelings, leaving his audience entertained and amused. For example, a playful Yoruba phrase JACE uses is, “Kemi ni sin ti o to wo telly mi, se emina le wo telly re?” which translates to, “Kemi, now that you’ve viewed my television, can I also view yours?” This humorous line is used to woo a lady.

 

JACE seamlessly blends cultural authenticity with modern storytelling techniques. His understanding of the Yoruba cultural setting and storytelling techniques makes plotting stories straightforward once inspiration strikes.

Moreover, one of the main advantages of being a native Yoruba speaker is the fluent expression of thoughts, ideas, and feelings. Creating content in an indigenous language also involves using appropriate costumes and locations, which JACE finds comes naturally, despite the occasional challenges.

 

Resonating with the Audience, he revealed that he ensures that the themes of his scripts resonate with his audience’s everyday lives, making his content relatable and engaging.

 

While promoting Indigenous Languages, he believes that video content creators play a crucial role in preserving and promoting indigenous languages and cultures. The more content created in indigenous languages, the more viewers learn about cultural heritage and how to speak these languages fluently.

 

Meanwhile, when handling complex issues, he often adopts a fictional writing style with the intended topic or theme as the backdrop, ensuring cultural sensitivity and appropriate representation.

 

He also discussed that during his creative process; When conceptualizing and producing content, he begins with inspiration, jotting down ideas in his notepad. He then seeks suitable cast members and proceeds to shoot the script. This process allows him to incorporate metaphors and idioms effectively into his work.

Furthermore, his Message and Vision; Through his content, he aims to convey humor, cultural knowledge, and the expressive use of the Yoruba language. He envisions his work contributing significantly to the preservation of indigenous languages and cultures, offering audiences both entertainment and a deeper understanding of cultural heritage.

 

Afolarin Jamiu Olawale, through Jayboi Art Century Entertainment, continues to thrive by showcasing the beauty of the Yoruba language and culture. His dedication to creating engaging and relatable content remains unwavering, promising a bright future for the preservation and celebration of indigenous languages.

The Legendary Chief Commander Ebenezer Obey: A Life of Music and Spirituality

Ranks-Staff
-
0
The Legendary Chief Commander Ebenezer Obey: A Life of Music and Spirituality

Born on April 3, 1942, in Idogo, Ogun State, Nigeria, Ebenezer Remilekun Aremu Olasupo Fabiyi, popularly known as Chief Commander Ebenezer Obey, is a renowned musician and gospel minister. From his early days in Lagos to his rise as a juju music icon, Obey’s career spans over six decades.

 

Obey’s musical journey began in the mid-1950s under the tutelage of Fatai Rolling-Dollar’s band. He later formed The International Brothers in 1964, which evolved into Inter-Reformers in the 1970s. His music seamlessly blended Yoruba percussion styles with highlife-jùjú fusion, creating a unique sound that captivated audiences.

 

As a praise singer, Obey’s music often honored Nigerian socialites and business tycoons. However, he also explored Christian spiritual themes, eventually transitioning to gospel music in the 1990s. Notably, he performed alongside Pastor Kunle Ajayi during his 30-year on-stage concert in Lagos.

 

Throughout his illustrious career, Obey has released numerous albums, including “Ewa Wo Ohun Ojuri” (1964), “Aiye Gba Jeje” (1965), and “The Only Condition to Save Nigeria” (1984). His music has been a testament to his artistic versatility and dedication to his craft.

 

Obey’s personal life is marked by his marriage to Juliana Olaide Olufade in 1963, with whom he had several children and grandchildren. His wife, Lady Evangelist Juliana Obey-Fabiyi, passed away in 2011.

 

Today, Chief Commander Ebenezer Obey remains a celebrated figure in Nigerian music, a true legend whose contributions continue to inspire generations of musicians and fans alike.

CBN revokes Heritage Bank’s licence due to poor financial performance 

Ranks-Staff
-
0
CBN revokes Heritage Bank’s licence due to poor financial performance 

The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc with immediate effect, citing the bank’s persistent financial instability and breach of regulatory requirements.

 

The decision is part of the CBN’s mandate to maintain a sound financial system in Nigeria, as outlined under Section 12 of the Banks and Other Financial Institutions Act (BOFIA) 2020.

 

Heritage Bank’s poor performance threatened Nigeria’s banking sector

In a press release on Monday, the CBN disclosed that Heritage Bank had failed to adhere to Section 12 (1) of BOFIA 2020, which necessitated regulatory intervention.

 

Despite multiple supervisory measures prescribed by the CBN to mitigate the bank’s declining financial performance, Heritage Bank has been unable to improve its financial health.

 

The bank’s continuous underperformance poses a significant threat to financial stability, compelling the CBN to revoke its licence.

 

The statement read: “The Central Bank of Nigeria (CBN), in accordance with its mandate to promote a sound financial system in Nigeria and in the exercise of its powers under Section 12 of the Banks and Other Financial Act (BOFIA) 2020, hereby revokes the licence of Heritage Bank Plc with immediate effect.

 

“This action has become necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020. The Board and Management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability. This follows a period during which the CBN engaged with the bank and prescribed various supervisory steps intended to stem the decline. Regrettably, the bank has continued to suffer and has no reasonable prospects of recovery, thereby making the revocation of the license the next necessary step.”

 

The CBN emphasized that the action is crucial to reinforce public confidence in the Nigerian banking sector and to ensure the integrity and soundness of the financial system.

 

NDIC to liquidate the bank

The Nigeria Deposit Insurance Corporation (NDIC) has been appointed as the liquidator of Heritage Bank, in line with Section 12 (2) of BOFIA 2020.

 

Based on the recently adjusted maximum deposit insurance coverage levels across various banks, customers of the bank may get up to N5,000,000 payment from the NDIC, depending on the total deposits the customer has with the bank.

 

More Insights

Heritage Bank Plc began its operations in Nigeria as a regional bank on March 14, 2013. It acquired the license and structure of the old Societe Generale Bank of Nigeria which was closed down by the CBN for failing to meet the capital requirements of N25 billion or $155 million for a national bank in January 2006.

In October 2014, the Assets Management Corporation of Nigeria (AMCON) announced that Heritage Bank had emerged winner of the bid for the acquisition of the defunct Enterprise Bank. Heritage Bank had successfully met all the terms and conditions set by the CBN and AMCON towards owning 100% shares in Enterprise Bank. It inherited over 160 branches, over 177 ATMs, and 2000 POS terminals spread across major markets and commercial centres in the country. This move automatically transformed Heritage Bank from a regional bank to a national bank.

Medical tourism worth $7.69 billion: Top 10 Indian hospitals visited by Nigerians

Ranks-Staff
-
0
Medical tourism worth $7.69 billion: Top 10 Indian hospitals visited by Nigerians

Indian hospitals offer cheaper medical procedures than Nigeria and Western countries, attracting many Nigerian patients.

Hospitals like Apollo and Fortis are known for their advanced facilities and skilled professionals, providing specialised treatments.

Nigerian patients often have positive experiences in Indian hospitals, benefiting from advanced care despite occasional language barriers.

Medical tourism refers to the practice of traveling to another country for medical care. This phenomenon has gained significant traction worldwide, with millions of patients seeking healthcare services abroad annually.

 

For Nigerians, medical tourism has become an essential alternative due to various challenges faced within the domestic healthcare system.

 

These challenges include inadequate medical infrastructure, limited availability of specialised treatments, long wait times, and a shortage of qualified medical professionals.

 

Consequently, many Nigerians opt to travel abroad to access high-quality medical care, advanced treatments, and specialised surgeries.

 

Why India?

India has emerged as a preferred destination for medical tourists from Nigeria, and for good reason. This Indian medical tourism industry is valued at $7.69 billion in 2024 and is set to reach $14.31 billion by 2029. One of the primary factors driving this choice is the cost of medical treatment.

 

In India, medical procedures can be significantly cheaper compared to Nigeria and other Western countries, without compromising on the quality of care.

Additionally, Indian hospitals are renowned for their state-of-the-art facilities, cutting-edge technology, and highly skilled medical professionals who are often trained in prestigious institutions worldwide.

The availability of advanced medical treatments is another crucial factor. Indian hospitals offer a wide range of specialised services, including complex surgeries, oncology treatments, organ transplants, bone marrow transplants, and cardiac care, which are often not readily accessible in Nigeria.

Moreover, the efficiency and patient-centric approach of Indian healthcare institutions, coupled with shorter waiting times, make India an attractive option for Nigerians seeking timely and effective medical interventions.

Methodology

Nairametrics reports that the data on the top 10 Indian hospitals has been meticulously curated from leading medical tourism destinations across India. In addition to rigorous selection criteria, Nairametrics conducted interviews and surveys with Nigerian students, interns in India, and a Nigerian hospital agent to gather comprehensive insights into the quality of care and services offered by these hospitals.

 

Top 10 Indian hospitals transforming Nigerian medical tourism

Nairametrics has compiled a list of the top 10 Indian hospitals visited by Nigerians for medical tourism, along with their locations, specialties, and accreditation in no particular order.

 

Apollo Hospitals

Location: 25 cities across India including Delhi, Mumbai, Chennai

 

Specialties: Cardiology, Oncology, Orthopaedics, Transplants, Neurology, Gastroenterology, Urology, Robotic Surgery

 

Accreditations: Joint Commission International (JCI), National Accreditation Board for Hospitals & Healthcare Providers (NABH)

 

Fortis Healthcare

Location: 13 cities across India including Bangalore, Delhi, Mumbai

 

Specialties: Cardiac Surgery, Neurosurgery, Organ Transplants, Orthopaedics, Oncology, Gastroenterology, Paediatrics, Pulmonology.

 

Accreditations: JCI, NABH

 

Manipal Hospitals

Location: 12 cities across India including Bangalore, Delhi, Jaipur, and other cities

 

Specialties: Oncology, Neurosurgery, Cardiology, Organ Transplants, Urology, Gastroenterology, Paediatrics, Critical Care

 

Accreditations: NABH, ISO 9001:2008

 

Max Healthcare

Location: Delhi, Gurgaon, Noida

 

Specialties: Oncology, Cardiology, Neurosciences, Organ Transplants, Orthopaedics, Bariatric Surgery, Endocrinology, Rheumatology

 

Accreditations: JCI, NABH

 

BLK Super Speciality Hospital

Location: Delhi

 

Specialties: Bone Marrow Transplant, Cancer Treatment, Cardiac Care, Neurosurgery, Orthopedics, Gastroenterology, Renal Sciences, Liver Transplants

 

Accreditations: JCI, NABH

 

Medanta – The Medicity

Location: Gurgaon

 

Specialties: Cardiology, Neurology, Orthopaedics, Organ Transplants, Gastroenterology, Oncology, Urology, Robotics Surgery

 

Accreditations: JCI, NABH

 

Artemis Hospital

Location: Gurgaon

 

Specialties: Cardiac Surgery, Oncology, Organ Transplants, Neurosciences, Orthopaedics, Gastroenterology, Nephrology, Critical Care

 

Accreditations: JCI, NABH

 

Artemis Hospital is known for its advanced medical care and personalised patient services, making it a preferred destination for medical tourists.

 

Narayana Health

Location:Bangalore, Kolkata, Jaipur, and 17 cities across India.

 

Specialties: Cardiology, Oncology, Transplants, Neurosciences, Orthopaedics, Gastroenterology, Paediatrics, Endocrinology

 

Accreditations: JCI, NABH

 

Narayana Health is recognised for its affordable and high-quality cardiac care and complex surgical procedures, catering to international patients from across the globe.

 

Aster Medcity

Location: Kochi

 

Specialties: Cardiology, Neurology, Oncology, Orthopaedics, Organ Transplants, Gastroenterology, Nephrology, Critical Care

 

Accreditations: JCI, NABH

 

Aster Medcity in Kochi is known for its advanced medical technology and comprehensive range of specialties, making it a popular choice for international patients seeking high-quality care.

 

Sri Ramachandra Medical Centre

Location: Chennai

 

Specialties: Cardiology, Neurosurgery, Orthopaedics, Gastroenterology, Oncology, Nephrology, Paediatrics, Urology

 

Accreditations: JCI, NABH

 

Treatment costs

Nairametrics reports that the cost of consultations at the top 10 hospitals in India varies based on the specialty and the doctor’s expertise. Here is a breakdown of the consultation fees:

 

General Practitioners and Paediatricians: The consultation fees range from 500 to 600 rupees, which is approximately N8,840.25 to N10,608.30.

Specialist Doctors (e.g., Haematologists, Oncologists, Orthopedists): The fees for consultations range from 700 to 2000 rupees, equivalent to N12,376.35 to N35,360.99.

In comparison, the cost of consultations in Nigerian hospitals is generally higher:

 

Private Hospitals in Nigeria:

General Practitioners: The consultation fees range from N10,000 to N20,000.

Specialists: The consultation fees range from N30,000 to N60,000.

Teaching Hospitals in Nigeria: The consultation fees range from N800 to N3,000 depending on the location and specialty.

The average flight costs from Lagos, Nigeria, to major Indian cities like Delhi, Mumbai, Bangalore, and Chennai vary depending on the airline and booking platform.

 

For instance, flights to Delhi can cost an average of N992,586, while flights to Mumbai might be approximately N850,000.

The top hospitals in India, like Apollo Hospitals and Fortis Healthcare, are renowned for their adherence to international standards, patient-centric care, and advanced medical technologies.

Accredited by organisations like the Joint Commission International and equipped with cutting-edge tools such as robotic surgical systems and advanced imaging technologies, these hospitals offer world-class medical expertise and personalised treatment plans.

Impact on Nigerian healthcare

Brain drain

 

Medical tourism has a significant impact on the Nigerian healthcare system, particularly concerning the brain drain of medical professionals.

 

The migration of highly skilled doctors and nurses to countries with better facilities and higher salaries has created a talent gap within Nigeria.

According to a study by the Blavatnik school of government, University of Oxford, Nigeria has one of the highest rates of emigration of medical professionals.

This exodus is driven by several factors, including better career opportunities, higher wages, and improved working conditions abroad.

The loss of skilled healthcare workers exacerbates the challenges faced by the Nigerian healthcare system.

 

It leads to a shortage of experienced professionals, an increased workload on the remaining staff, and ultimately, a decline in the quality of healthcare services available to the population.

 

This shortage also means longer wait times for patients, limited access to specialised care, and overall lower health outcomes.

 

Opportunities for improvement

To reduce the need for medical tourism and mitigate the brain drain, Nigeria can implement several strategies to improve its healthcare system.

 

Modernising hospitals with state-of-the-art equipment and facilities can improve the quality of care. This includes investing in advanced diagnostic tools, surgical equipment, and robust IT systems for patient management.

Increasing the number of well-equipped hospitals in both urban and rural areas can help meet the healthcare needs of the population.

Expanding and improving medical education programs to train more healthcare professionals can help address the talent gap. This includes providing scholarships and incentives for students to enter the medical field.

Providing competitive salaries and benefits can help retain medical professionals. This includes offering financial incentives, healthcare benefits, and opportunities for career advancement.

Improving the work environment by reducing the workload, ensuring a safe and supportive workplace, and providing the necessary resources for healthcare workers to perform their duties effectively.

Ensuring strong government support and commitment to healthcare reforms can help drive improvements in the sector.

This includes increasing budget allocations for health and implementing policies that promote access to quality healthcare for all.

Encouraging collaborations between the government and private sector can enhance healthcare delivery and infrastructure development.

Private investments can complement public resources, leading to better healthcare outcomes.

West Power and Gas, looking to sell stake in Eko DisCo for $350 million 

Ranks-Staff
-
0
West Power and Gas, looking to sell stake in Eko DisCo for $350 million 

West Power and Gas Ltd (WPG), the core investor in Eko Distribution Company, is considering selling its stake to raise $350 million and has engaged advisers to expedite the process.

Eko Disco, serving Lagos South and 8 million people, is a top performer in the power sector with a 10.22% loss rate in Q4 2023 and $177.5 billion revenue in 2023, making it an attractive investment opportunity.

The potential equity sale aims to recapitalize Eko Disco ahead of sector reforms, drawing interest from renewable energy players and GENCOs seeking synergies, which experts believe could enhance the company’s financial and operational efficiency.

West Power and Gas Ltd, the core investor in Eko Distribution Company, is exploring a potential equity sale of its stake in the power distribution company.

 

Nairametrics exclusively obtained information confirming that the company is considering a capital raise and has engaged advisers and fundraisers to expedite the sale.

 

Sources suggest the company is looking to raise $350 million through an equity sale.

 

WPG reportedly paid $135 million to acquire 60% of the core assets of the distribution company from the government during the privatization of the electricity sector in 2013.

 

The government owns the balance of 40% of the equity in the distribution company.

 

Eko Disco, one of the eleven distribution companies licensed by the federal government, operates in the Lagos South franchise area, serving up to 8 million people.

 

The power distribution company has been one of the better performers in the sector, leading in terms of remittances to the market and loss reduction.

 

The company recently recorded an all-time low aggregate technical commercial and collection loss of about 10.22% in the fourth quarter of 2023, one of the lowest in the industry.

 

According to data from the National Bureau of Statistics, the company reported a revenue collected of N177.5 billion in 2023 and billed 3,448GWh of energy. Eko Disco collects about 85% of its billed revenue per regulatory data.

 

What they are saying

According to our sources, the planned equity sale is part of the company’s strategy to recapitalize ahead of a slew of ongoing reforms in the sector that many believe could shape the industry in years to come.

 

“They are planning to sell about 60% of the company to investors for about $350 million as part of the strategy to expand the firm and improve its liquidity,” one source said.

 

Nairametrics reached out to WPG for comments about the sale but the firm neither confirmed nor denied. However, in a note to Nairametrics, the company stated that it is consistently exploring strategic investments in upgrading its network to ensure a reliable power supply for customers.

 

“The Board and Management of WPG are continually evaluating potential investors and strategic partnerships that align with our vision for EKEDC’s long-term growth and sustainability. We are committed to pursuing initiatives that generate positive returns for our investors, EKEDC employees, and the communities it serves,” the statement read in part.

 

However, another senior source in the company who chose to speak on the condition of anonymity as they were not authorized to speak directly to the media confirmed that the company is actively seeking investors interested in actualizing their vision for Eko Disco.

 

“Yes, we are looking for investors in our stake in Eko DisCo and we are currently speaking to several interested parties. Despite the challenges in the distribution end of the sector, Eko DisCo is one of the leading performers in the sector and has always met its remittance obligations.”

 

Possible Buyers and Investors

Another source with knowledge of the deal disclosed to Nairametrics that there is strong interest from local players, particularly in the renewable energy space, who might see this as an opportunity to gain entry into a vital value chain and increase their reach and influence in the sector.

 

Eko DisCo’s distribution franchise area is considered prime for renewable energy stakeholders due to a spate of commercial and residential property developments that have sprung up in recent years.

 

There is also potential interest from power generation companies (GENCOs) who view this as an opportunity for synergy in a value chain that is closer to customers, providing them with a clear line of sight into cash collection. GENCOs are generally in a stronger financial position than DisCos.

 

“The likely investors are the players in GENCOs, given their substantial financial resources and profound understanding of the market,” said the source, highlighting the strategic fit between the potential acquirers and the target company’s industry focus.

 

Transcorp Power executed a similar transaction with the Abuja Electricity Distribution Company (AEDC), acquiring a 60% equity interest in one of Nigeria’s 11 electricity distribution companies.

 

There are also other owners of cheaper hydropower-generating companies that have made inroads into the power distribution space, leveraging the eligibility provisions that allow generating companies to sell directly to large manufacturing maximum-demand customers. Sources suggest they are also actively looking for potential acquisitions in the sector.

 

New reforms driving the need for capital raise

In the eyes of stakeholders and energy experts, the anticipated shakeup in the energy sector highlights the pressing need for increased capital investment to drive growth.

 

Ayodele Oni, a legal expert and energy analyst, shares this sentiment. He suggests that should the acquisition speculation materialize; it could yield positive results for the sector.

 

Oni specifically foresees an enhancement in the financial performance of the company as a potential outcome.

 

“It is important to have good corporate governance structures, more operational efficiencies and financing to function properly as a DisCo. Hence, where the sale of the interest would improve the performance and financial capacity of the DisCo, it can yield positive results for the sector,” Oni said.

 

On her part, the CEO of Clean Energy Technology, Ifeoma Malo, sees the potential acquisition as a signal for improved efficiency in DisCos.

 

She notes that historically, these companies have not been efficiently managed, whether under government or private ownership.

 

Malo suggests that recapitalization to enhance financial capacity for the DisCo could lead to extended lifespan and operational efficiency, which she welcomes.

 

“At every point in time, energy companies are looking for more and more investment. Most of them are recapitalized to attract more financial flows to extend their operations and lifespan. Almost every DisCo I know is looking for new investors.

 

“Power and electricity are the most fundamental things holding back Nigeria’s development, and I think it’s an attractive point of investment for anybody who is looking to invest in a country like Nigeria. The potential for return eventually is great.

 

“The only thing is that we need patient capital. It’s not an investment that you will get a yield in five or seven years. We are looking at people who can do at least ten to fifteen years. That is the kind of investment we are talking about,” Malo added.

 

At $350 million, Eko Disco will be valued at around $583 million or N875 billion. The only two listed companies on the Nigerian Exchange, Geregu Power and Transcorp Power have market valuations of N1 trillion and N400 billion respectively.

 

MOVIE REVIEW: ‘Funmilayo Ransome-Kuti’ sets new standard for Nollywood biopics

Ranks-Staff
-
0
MOVIE REVIEW: ‘Funmilayo Ransome-Kuti’ sets new standard for Nollywood biopics

MOVIE REVIEW: ‘Funmilayo Ransome-Kuti’ sets new standard for Nollywood biopics

Movie Title: Funmilayo Ransome-Kuti

Date Release: 17 May 2024

 

Running Time: 91 Minutes

 

Director: Tunde Babalola

 

Cast: Joke Silva, Kehinde Bankole, Ibrahim Suleiman, Jide Kosoko, Dele Odule, Adebayo Salami, Keppy Ekpeyoung, Adunni Ade, Omowunmi Dada, Patrick Diabuah and many others

 

What makes a biopic stand out? Is it because it is the story of people we already know, or because it focuses on their heroic experiences in life, making them the superman or superwoman everyone wants to watch?

 

A biopic, short for “biographical picture,” is a film that dramatises the life of a natural person or a group of people.

 

But beyond telling true stories, biopics blend storytelling that educates and engages, offering insights into the lives of influential and extraordinary people. ‘Funmilayo Ransome-Kuti’ is an example.

 

However, making a biopic can be delicate. Overloading the narrative with too many details can make it manageable, focused, and, in the worst case, boring when it focuses on an already well-known fact about the person.

 

That is why, despite the numerous Nigerian heroes and heroines, there are only a few biopics on them, maybe because filmmakers have yet to find that intriguing niche in their stories.

 

‘Funmilayo Ransome-Kuti’’s biopic doesn’t just focus on her being the mother of legendary Afrobeat singer Fela Kuti or the first Nigerian woman to drive a car. It reveals so much more about her life.

 

Tunde Babalola, the director of Funmilayo Ransome-Kuti, avoids this pitfall by focusing on one significant aspect of her life and weaving other minor details around it.

 

The film focuses on the lesser-known women’s revolt of 1947. As leader of the Abeokuta Women’s Union, Funmilayo Ransome-Kuti, along with Eniola Soyinka (Wole Soyinka’s mother), led the Ẹ̀gbá women to protest high taxes and gender marginalisation. Their protest led to the abdication of the Aláké of Ẹ̀gbá Land, ended taxation on women, and secured seats for women on the local council. Funmilayo’s actions earned her the title “The Lioness of Lisabi.”

 

Her heroics in the struggle for women’s rights are the focal point of the biopic, supplemented by other pivotal moments, like being the first female student of Abeokuta Grammar School and promoting education for women and children. This comprehensive approach ensures her inspiring character isn’t reduced to a single narrative.

 

Plot

The film introduces Funmilayo Ransome-Kuti at three stages in her life: As a little girl (portrayed by Iyimide Ayo-Olumoko), a young woman (portrayed by Kehinde Bankole), and an older woman (portrayed by Joke Silva).

 

The story begins dramatically with the 1977 invasion of Fela Kuti’s home, the Kalakuta Republic, by Nigerian police. They throw the elderly Funmilayo, played by Joke Silva, from a balcony, an injury that would eventually lead to her death a year later.

 

The narrative then seamlessly intertwines her life events, showing her journey from childhood to adulthood.

 

As a young girl named Francis Thomas, inspired by her father, Chief Daniel Olumeyuwa Thomas (Patrick Dibuah), the son of a returnee enslaved person from Sierra Leone with roots in Egba land, she developed resilience and determination.

Dele Odule, Oga Bello and Jide Kosoko

Her father encouraged her to cross boundaries, leading her to become the first female student at Abeokuta Grammar School despite the teasing and bullying from her peers. Her friendship with Israel Ransome-Kuti (Iremide Adeoye) began here, eventually blossoming into genuine love.

 

Israel went to Sierra Leone for further education, while Francis went to London, where she adopted her Yoruba name, Funmilayo. They continued their relationship through letters.

 

Israel (Ibrahim Suleiman) returned to Nigeria as a clergyman and principal of their alma mater, and upon Funmilayo’s return (Kehinde Bankole), they married and started a family.

 

Despite being part of the elite, Funmilayo was passionate about educating children rather than in school. Her life changed when she met a market woman, Iya Supo, whose son had stopped attending school. At the market, Funmilayo confronted the tax collectors, the Parakoyi, challenging their excessive taxes. This act earned her the praise of the market women.

 

However, the Alake and his tax collectors persisted in their oppressive practices. Funmilayo’s efforts to address the issue through formal channels were fruitless, leading her to form the Abeokuta Women’s Club, which later evolved into the Abeokuta Women’s Union. By uniting elite women with market women, they collectively fought against unjust taxation.

 

How far can Funmilayo and her union go in battling powerful authorities? Can they genuinely stand against the throne and colonial masters?

 

Character Analysis

The film’s exceptional cast, featuring luminaries like Joke Silva, Kehinde Bankole, Ibrahim Suleiman, Jide Kosoko, Dele Odule, Adebayo Salami, and many others, delivers groundbreaking performances that captivate the audience from start to finish.

 

A particular highlight is the inclusion of Funmilayo Ransome-Kuti’s grandchildren, Dotun Ransome-Kuti and Kunle Ransome-Kuti, who portray their fathers, Olikoye Ransome-Kuti and Fela Kuti, respectively, adding depth and authenticity to the narrative.

 

The portrayal of Funmilayo Ransome-Kuti by three actresses—Iyimide Ayo-Olumoko, Kehinde Bankole, and Joke Silva—closely reflects her real-life personality. Each actress effectively captures the character’s essence during different life stages.

 

For Iyimide Ayo-Olumoko, as a vibrant and fearless teenager, Iyimide brings youthful energy and determination to the role, embodying the early signs of Funmilayo’s indomitable spirit.

 

Then, Kehinde Bankole shines as the young adult Funmilayo. Kehinde captures her transformation into the formidable “Lioness of Lisabi,” reflecting her growing political activism and leadership.

 

Joke Silva, as the older and more serene Funmilayo and the story’s narrator, beautifully portrays the wisdom and resilience of a woman who has endured and achieved so much.

 

However, while the main character is given a rich, multifaceted portrayal, most secondary characters receive a more mundane depiction. At times, they appear almost detached from the action, possibly an intentional choice to keep the focus firmly on Funmilayo. This approach ensures that the main character’s narrative remains central but limits the depth of the supporting cast’s performances.

 

Despite the limited scope for the secondary cast, actors like Jide Kosoko, Dele Odule, Adebayo Salami, Keppy Ekpeyoung, Adunni Ade, and Omowunmi Dada add layers to the story, enriching the film’s historical and cultural context.

 

Overall, the film’s cast, especially the actresses playing Funmilayo Ransome-Kuti, delivers compelling performances that bring to life the inspiring journey of a remarkable woman. Including her real-life grandchildren adds an extra layer of authenticity, making the biopic a profoundly engaging and memorable cinematic experience.

 

Movie Analysis

Indeed, when history and storytelling meet, magic is made on screen.

 

“Funmilayo Ransome-Kuti,” directed by Bolanle Austen-Peters, is a masterpiece that brings the remarkable life of Funmilayo Ransome-Kuti to the silver screen with brilliant storytelling, unique characters, and impeccable craftsmanship.

 

The film elegantly chronicles the life of Funmilayo Ransome-Kuti, portrayed brilliantly by Kehinde Bankole and Joke Silva. From her pioneering days as the first female student at Abeokuta Grammar School to her marriage to Israel Ransome-Kuti, played by Ibrahim Suleiman, the movie vividly depicts her tireless activism against oppression.

 

Funmilayo Ransome-Kuti was a trailblazer in many aspects, and the film does justice to her legacy. Its costumes beautifully recreate the era, transporting the audience back to when these events unfolded.

 

Using both Yoruba and English languages adds depth to the storytelling, capturing Abeokuta’s cultural and historical nuances at that time.

 

One of the film’s standout achievements is its depiction of female power and feminism as underlying themes. It showcases the strength that arises when women unite to fight injustice, emphasising the power of unity among women. Moreover, it portrays women as powerful beings capable of achieving incredible feats when they set their minds to it—much like Funmilayo Ransome-Kuti herself.

 

The movie also shows the influence of colonial powers and corruption within traditional rule during that era. Funmilayo Ransome-Kuti and her women challenge both the chiefs and the government, highlighting the systematic pauperisation of the masses.

 

The cinematography effectively complements the movie, enhancing the storytelling by visually conveying the characters’ emotions, struggles, and triumphs.

 

Attention was paid to historical accuracy in recreating the visual aesthetics of the period. The movie’s costumes, set design, and overall visual style transport viewers to the early 20th century, providing a sense of authenticity that adds depth to the storytelling.

 

We should also applaud the director’s vision and aptness, saved for it; there are many ways that Funmilayo Ransome-Kuti could have gone south very quickly. If Austen-Peters had allowed the movie to cover a broader scope of Ransome-Kuti’s life as an educator or mother, perhaps the story would have been crushed under its weight.

 

This movie undoubtedly alters the narrative and guarantees that people view her as more than the tired and outdated narratives that have the threatened to erode her legacy.

 

“Funmilayo Ransome-Kuti” sets an example for other subsequent biopics to build on.

 

Verdict

 

8/10

 

Funmilayo Ransome Kuti is currently streaming in cinema nationwide.

Credit: Adesina Kasali

The Plague of Mediocrity in Nollywood: A Call for Collaboration and Excellence

Ranks-Staff
-
0

As a self-proclaimed movie enthusiast, I’m often disheartened by the plethora of subpar films that flood our cinemas and streaming platforms. A significant culprit in this trend is the tendency of some producers, particularly in the Yoruba film industry, to take on multiple roles simultaneously – writing, producing, directing, and even starring in their own movies. This lack of collaboration and refusal to delegate tasks to capable professionals results in a final product that is, more often than not, substandard.

 

Building a house is a fitting analogy for filmmaking. Just as a house requires a team of skilled professionals – architects, engineers, electricians, and carpenters – working together to create a sturdy and beautiful structure, a movie requires a collaborative effort from experts in various fields to produce a high-quality film. By shouldering too much responsibility, these producers-turned-actors neglect the importance of teamwork and expertise, ultimately compromising the quality of their movies.

 

It’s time for Nollywood to embrace the value of collaboration and specialization. By working together with seasoned professionals and allowing each person to focus on their area of expertise, we can elevate the standard of our films and create movies that truly captivate and inspire audiences. Only then can we build a cinematic landscape that is both meaningful and memorable.

1...233234235...592Page 234 of 592

About us

Our platform serves as a dynamic canvas that celebrates and chronicles the convergence of ideas, artistry, and industry, shaping the very landscape of modern aesthetics.

Company

The latest

African Travel Commission Condoles with Uganda Following Tragic School Excursion Crash

Travel & Hospitality 0
PRESS RELEASE African Travel Commission Condoles with Uganda Following Tragic...

Idia Aisien: The Power of Moving with Intention

People 0
In an industry where many try to do everything,...

John Ekanem: Building More Than a Career

People 0
Some actors are remembered for the roles they play....

Subscribe

© 2023 Ranks Africa. All Rights Reserved.